Short Interest in Versus Systems Inc. (NASDAQ:VS) Drops By 27.0%

Versus Systems Inc. (NASDAQ:VS) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 68,000 shares, a decrease of 27.0% from the September 15th total of 93,200 shares. Based on an average daily trading volume, of 201,600 shares, the days-to-cover ratio is presently 0.3 days.

Versus Systems Price Performance

Shares of VS stock traded down $0.03 on Monday, hitting $1.07. The stock had a trading volume of 3,198 shares, compared to its average volume of 474,274. The stock’s 50 day moving average is $1.34 and its 200-day moving average is $1.48. Versus Systems has a 52-week low of $1.02 and a 52-week high of $6.63.

Versus Systems (NASDAQ:VS) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.04). Versus Systems had a negative return on equity of 255.40% and a negative net margin of 8,703.52%. The business had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.05 million. Equities research analysts anticipate that Versus Systems will post -2.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright lowered their price objective on shares of Versus Systems from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Tuesday, August 27th.

About Versus Systems

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.